The gold futures contract lost 0.17% on Thursday, as it further extended its consolidation along the $1,750-1,800. Last week gold bounced from the $1,800 price level and on Monday it reached a local low of around $1,760. Since Tuesday it has been trading along the $1,780. And this morning gold is getting closer to the $1,800 price level again, as we can see on the daily chart (the chart includes today’s intraday data):
Today gold is 0.5% higher, as it is trading a few points below the $1,800 level. What about the other precious metals? Silver is 0.6% higher, platinum is 1.0% higher and palladium is 0.2% higher. So precious metals’ prices are higher this morning.
Yesterday’s Philly Fed Manufacturing Index release has been worse than expected at 23.8 and the Unemployment Claims release has been better than expected at 290,000. Today we will get the Flash Manufacturing PMI, Flash Services PMI releases at 9:45 a.m.
Below you will find our Gold, Silver, and Mining Stocks economic news schedule for today:
Friday, October 22
3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
10:00 a.m. U.S. – FOMC Member Daly Speech
Tentative, U.S. – Treasury Currency Report
For a look at all of today’s economic events, check out our economic calendar.
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This article was originally posted on FX Empire